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Devcoin is an ethically-based crypto-currency that is a direct descendant of Bitcoin. Devcoin has been developed specifically for funding open source projects. 90% of the Devcoins generated go to open source developers, and the remaining 10% go to Devcoin miners. Devcoins have the potential to revolutionize how open source projects receive funding.
Devcoin was created as a fork of Bitcoin in August of 2011. The Devcoin developers created Devcoin based on Bitcoin’s C++ source code. The ultimate vision is that Devcoins will not only be used to fund open source projects, but they will also be used to fund artistic endeavors: films, poetry, music, writing etc. In fact, writers can already earn Devcoins by writing on a variety of topics, and submitting the written works to Devtome.
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